Common use of PRELIMINARY STATEMENTS A Clause in Contracts

PRELIMINARY STATEMENTS A. Pledgors are the legal and beneficial owners of (i) the shares of stock (the "Pledged Shares") described in Part A of Schedule I annexed hereto and issued by the corporations named therein and (ii) the indebtedness (the "Pledged Debt") described in Part B of said Schedule I and issued by the obligors named therein.

PRELIMINARY STATEMENTS A. Pledgors are Pledgor is the legal and beneficial owners owner of (i) the shares of stock (the "Pledged Shares") described in Part A of Schedule I annexed hereto and issued by the corporations named therein and (ii) the indebtedness (the "Pledged Debt") described in Part B of said Schedule I and issued by the obligors named therein.